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andre_007

United States Oil Fund (USO) in bullish channel

Long
United States Oil Fund (AMEX:USO)  
andre_007  
AMEX:USO   United States Oil Fund
Parallel Channel Economic Cycles USO unitedstatesoilfund Oil cycle parallelchannels
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parallelchannel economiccycle uso unitedstatesoilfund oil cycle parallelchannels
The price has broken out of a long bearish channel (green color), and is now in a bullish channel (cyan color).
Within the long bearish channel, we can see a downward seasonality in the second half, in the months of July and October.
Will the cycle repeat itself in July or October of this year?
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